Zoom Video Communications, Inc. (NASDAQ:ZM) Shares Sold by Flagship Harbor Advisors LLC

Flagship Harbor Advisors LLC decreased its holdings in Zoom Video Communications, Inc. (NASDAQ:ZM) by 13.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,854 shares of the company’s stock after selling 444 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Zoom Video Communications were worth $233,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Itau Unibanco Holding S.A. lifted its position in shares of Zoom Video Communications by 1.9% during the third quarter. Itau Unibanco Holding S.A. now owns 7,121 shares of the company’s stock worth $497,000 after purchasing an additional 131 shares during the last quarter. MML Investors Services LLC raised its stake in Zoom Video Communications by 1.4% during the third quarter. MML Investors Services LLC now owns 9,395 shares of the company’s stock valued at $655,000 after buying an additional 132 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its holdings in Zoom Video Communications by 1.9% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,970 shares of the company’s stock worth $556,000 after buying an additional 145 shares during the last quarter. MetLife Investment Management LLC grew its position in shares of Zoom Video Communications by 3.4% in the 3rd quarter. MetLife Investment Management LLC now owns 4,619 shares of the company’s stock worth $322,000 after acquiring an additional 154 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Zoom Video Communications by 27.1% during the 4th quarter. GAMMA Investing LLC now owns 770 shares of the company’s stock valued at $63,000 after acquiring an additional 164 shares in the last quarter. Hedge funds and other institutional investors own 66.54% of the company’s stock.

Zoom Video Communications Price Performance

Shares of NASDAQ:ZM opened at $87.27 on Thursday. The stock has a market cap of $26.75 billion, a price-to-earnings ratio of 29.09, a PEG ratio of 4.99 and a beta of -0.01. Zoom Video Communications, Inc. has a 12 month low of $55.06 and a 12 month high of $92.80. The stock’s 50 day moving average price is $82.77 and its 200 day moving average price is $72.98.

Analyst Ratings Changes

ZM has been the subject of a number of research reports. JMP Securities reaffirmed a “market perform” rating on shares of Zoom Video Communications in a report on Tuesday, November 26th. UBS Group boosted their price objective on shares of Zoom Video Communications from $75.00 to $90.00 and gave the company a “neutral” rating in a research report on Tuesday, November 26th. Bank of America raised their target price on shares of Zoom Video Communications from $75.00 to $90.00 and gave the stock a “neutral” rating in a report on Tuesday, November 26th. Evercore ISI raised Zoom Video Communications from an “in-line” rating to an “outperform” rating and upped their target price for the company from $70.00 to $115.00 in a report on Tuesday, November 26th. Finally, Hsbc Global Res raised Zoom Video Communications to a “strong-buy” rating in a report on Tuesday, November 26th. Sixteen analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Zoom Video Communications currently has a consensus rating of “Hold” and a consensus price target of $89.10.

Insider Transactions at Zoom Video Communications

In other Zoom Video Communications news, CEO Eric S. Yuan sold 178,571 shares of Zoom Video Communications stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $76.91, for a total value of $13,733,895.61. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jonathan Chadwick sold 25,000 shares of the stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $80.33, for a total value of $2,008,250.00. Following the sale, the director now owns 1,514 shares of the company’s stock, valued at $121,619.62. This trade represents a 94.29 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 477,481 shares of company stock valued at $37,774,948. Corporate insiders own 10.78% of the company’s stock.

Zoom Video Communications Profile

Zoom Video Communications, Inc provides unified communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems; Zoom Phone, an enterprise cloud phone system; and Zoom Chat enables users to share messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices.